The 94547 ZIP code comprises the city of Hercules and part of Rodeo, about a 35 minute drive from Oakland and 45 minutes from San Francisco. The coastal area sits in Contra Costa County on San Pablo Bay; many of its residents are employed by Bio-Rad Laboratories.

According to Best Places, the ZIP code has a population of 24,060 and an unemployment rate of 6.1 percent, and recent job growth is up 0.69 percent in 94547. The median home price is $353,100, with home appreciation last year reaching 23.3 percent.

Sacramento housing statistics all point to the telltale signs of a strong seller’s market with a low supply of homes for sale countered by strong demand from local buyers and “Bay Area refugees” flush with cash.

Lack of inventory, both affordable and overall, remains an issue for California homebuyers, and price continues to climb in response. For the second straight month, median home price grew above $500,000 while California home sales dropped annually, according to the California Association of Realtors’ (CAR) statewide report.